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Adani Group's concrete plan: $3 billion buyouts in cement space

It is keeping aside a war chest of $3 billion for these acquisitions, these people said. The group is aggressively pursuing an inorganic strategy to boost capacity and emerge as the largest cement manufacturer within the next three to four years, overtaking the Aditya Birla Groups UltraTech. ....

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Adani Group's Concrete Plan: $3b Buyouts in Cement Space

Adani Group's Concrete Plan: $3b Buyouts in Cement Space
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Jefferies Adani Group: Jefferies bullish on Adani Group on the back of a renewed expansion spree

Adani Group, rebounding from market losses caused by a US short seller report in early 2023, is now on an "expansion spree," aiming for a USD 90 billion capex over the next decade. Jefferies reports a 40% YoY EBITDA growth, with focus on debt containment and fresh funds. Various Adani companies witnessed significant developments, including acquisitions, power plant commissioning, and renewable energy capacity addition. ....

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